A development proposed in the East Village will be postponed, said Sun Peaks Resort (SPR) LLP general manager Darcy Alexander.
Elevation was set to be built in the location of parking lot six and featured condos with sweeping valley views and communal recreation and hot tub areas.
However, a slow start to sales since the official announcement of the development in October of 2018 meant SPR and A&T Project Developments Ltd. called the project off for the time being.
Alexander said while he believes the project would suit the area, especially when the planned East Village hotels and services are developed, that vision wasn’t communicated clearly enough to potential buyers.
He also said many buyers are now looking for townhome style properties more than condo or apartment style.
Work began on another SPR multi-family residential real estate development in the East Village, currently called Parcel 36. Alexander said it will be a mix of styles of homes and will go ahead as planned.